The Department of Justice seems to be giving the green light to T-Mobile USA in its bid to buy MetroPCS.
On Tueseday, MetroPCS announced that the DOJ has allowed the waiting period to lapse on the planned merger between the two companies. The waiting period was required under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. This indicates that the DOJ doesn't have any objections to the merger. There are still other regulatory approvals the companies must get in order to close the deal. The Federal Communications Commission must approve the transfer of spectrum licenses.
There has been some opposition … Read more